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The Congressional Budget Office Reports What Americans That Have Been Paying Attention Have Known For Years Now: The US Government Has Been and Will Run $1 Trillion Plus Annual Deficits For Years To Come – Only A Few Years Ago A $200 Billion Dollar Annual Deficit Was Outrageous and Now The US Government and OUR Sorry Ass “Elected Leaders” Are Piling TRILLIONS OF DOLLARS In New Debt Onto the Backs of OUR Children and Grandchildren With Little Concern About Anything But Getting Their Precious Asses Re-Elected – The TRUTH About US Government Spending and Why OUR Sorry Ass “Elected Leaders” LIE To the American People Almost Every Time They Open Their Mouths – Oh Yea…According to the CBO The Unemployment Rate In America Is At Least 10 Percent So That Is Another Case of YOUR Government LYING To You and the American People….and No Doubt The LIES Are Being Told So…These Precious Ass Politicians Can Get Re-Elected Which Is the ONLY Thing These Sorry Bastards Care About

The report by the Congressional Budget Office this morning that the United States of America will run $1 TRILLION DOLLAR deficits for years to come….

Congressional Budget Office reports trillion dollar deficits through 2017, David Rogers, Politico.com

“The government faces a fourth year of trillion-plus deficits in 2012, according to new projections released Tuesday—numbers which also show little relief in the future unless Washington comes to grips with needed changes in its tax and spending policies.

Like Aunt Cassandra coming down from the attic, the Congressional Budget Office steps squarely into the 2012 campaign season with the 147-page report which might have been subtitled “It’s not just the economy stupid, it’s also the debt.”

The $1.079 trillion deficit now projected for this fiscal year ending Sept. 30 is a step backwards from what CBO had predicted in August. And to punch home its message, the non-partisan agency outlines an especially grim scenario in which Congress not only extends all the current Bush-era tax cuts but pulls the plug on the $1.2 trillion in sequester set in motion by the Budget Control Act last summer.

Under this scenario—which can’t be ruled out politically—deficits would stubbornly hover just under $1 trillion through 2017, adding another $4.7 trillion altogether to the mounting federal debt.”

….should not a surprise to any American that has been paying attention to these Sorry Excuses for American Citizens in Washington DC otherwise known as OUR “Elected Leaders” because these Bastards in both political parties have been drunk on spending not only OUR hard-earned tax money but money that the American Republic and its People do not have and will never have, but yet the Annual Deficits of $1 TRILLION DOLLARS continue to be piled up as if someone has a money printing machine that will never be turned off…

Oh, that’s right these Sorry Excuses for American Citizens known as OUR “Elected Leaders” really do believe that Uncle Ben Bernanke and the Overpaid Flunkies at the Federal Reserve will forever be able to print up their Funny Money so let the Spending and Deficits continue the Idiots scream out and keep those money printing presses running Uncle Ben!

Meanwhile back in the REAL world far from Washington DC the American People understand completely what is REALLY going on which is OUR “Elected Leaders” and Unelected Morons like Ben Bernanke are driving the American Republic towards a cliff with their only concern being the next election or trying to redeem a reputation that is in the garbage dumb in Uncle Ben Bernanke’s case because only a REAL Idiot would believe anything that comes out of the Federal Reserve after ALL of their missteps over the past decade with the No. 1 misstep being the Irresponsible Monetary Policy that Directly Caused the Real Estate Bubble to form in the first place which of course the Overpaid Flunky Morons at the Federal Reserve were laughing about back in 2006 which Glenn Garvin of the Miami Herald summed up nicely in his latest…

Stop bothering the Fed, you peasant taxpayers!, Miami Herald

“Breaking news: When it came to the collapse of the bubble that touched off the 2008 meltdown of the U.S. economy, the Federal Reserve was a placid herd of clueless blockheads. Less than two years before the housing market turned kamikaze, Fed officials were gathering around conference rooms congratulating one another on what a genius job they were doing managing the economy.

“We are unlikely to see growth being derailed by the housing market,” Ben Bernanke assured the rest of the Open Market Committee, the Fed’s major policy-making group, adding that the nation could expect “a relatively soft landing in housing.” Not that anybody needed much convincing. “We just don’t see troubling signs yet of collateral damage [from housing prices] and we are not expecting much,” declared Timothy Geithner, then head of the Fed’s New York regional bank.

And Janet L. Yellen, boss at the Fed bank in San Francisco, was so pleased with the overall economic picture that she gushed to outgoing Fed chairman Alan Greenspan that “the situation you’re handing off to your successor is a lot like a tennis racket with a gigantic sweet spot.”

All these remarkably unperceptive remarks were made at Open Market Committee meetings in 2006. The reason they’re breaking news more than five years later is that the Fed has only just now made minutes of the meetings public. It’s not like they were lost or anything; the Fed always keeps records of its meetings secret for five years before letting anybody see them.”

Oh, the above is GENIUS Glenn Garvin and points out the now Irrefutable Point that Uncle Ben Bernanke and his band of Overpaid Flunky Morons at the Federal Reserve are the…

Stupidest People on Planet Earth and that includes the fools that didn’t pull their money from MF Global the minute Jon Corzine took over the firm because anyone with a lick of Common Sense wouldn’t trust Jon Corzine to watch their dogs forget about handling their hard-earned money!

Yes, the Annual $1 TRILLION DOLLARS deficits continue to be piled up, but something that was missed by most Americans last week was a story in The New Yorker magazine about some memos that then President-Elect Obama got from his economic advisors about the health of the US Economy in late 2008 – early 2009 which was in the Shitter after George W. Bush, Paulson, Bernanke and the Wall Street “Bail our Sorry Asses out or we will take down the entire American Republic” Gang had pissed all over the American People as they were leaving the stage with them getting a lot of help from the Washington-Democrats who were more than happy to spend lots of money to bail Wall Street out because that is just what Washington-Democrats do….spend lots of money whether the country has it or not.

In those memos to President-Elect Obama….

The Obama Memos, Ryan Lizza, The New Yorker

…economic advisor and All-Around Pompous Arrogant Ass that we also wouldn’t trust to watch our Dogs, Lawrence Summers, wrote in Larry’s usually forthright way that (from the above New Yorker article)….

“Summers informed Obama that the government was already spending well beyond its means. Yet in the coming months Obama would have to sign, in addition to a stimulus bill, several pieces of legislation left over from the Bush Administration: a hundred-billion-dollar funding bill for the wars in Afghanistan and Iraq; perhaps three hundred and fifty billion dollars more in funds from Bush’s TARP program, to prop up banks; and a four-hundred-and-ten-billion-dollar spending bill that was stuck in Congress. Obama would need resources to save G.M. and Chrysler, which were close to bankruptcy, and to address the collapsing housing market, which he was told would be hit with five million foreclosures during his first two years in office. Summers cautioned Obama, who had run as a fiscal conservative and attacked his Republican opponent for wanting to raise taxes, that he was about to preside over an explosion of government spending: “This could come as a considerable sticker shock to the American public and the American political system, potentially reducing your ability to pass your agenda and undermining economic confidence at a critical time.”

Obama was told that, regardless of his policies, the deficits would likely be blamed on him in the long run. The forecasts were frightening, and jeopardized his ambitious domestic agenda, which had been based on unrealistic assumptions made during the campaign. “Since January 2007 the medium-term budget deficit has deteriorated by about $250 billion annually,” the memo said. “If your campaign promises were enacted then, based on accurate scoring, the deficit would rise by another $100 billion annually. The consequence would be the largest run-up in the debt since World War II.””

What the Hell?

Did you catch THE STUNNING comment in Larry Summers’ memo to Barack Obama?

““If your campaign promises were enacted then, based on accurate scoring, the deficit would rise by another $100 billion annually. The consequence would be the largest run-up in the debt since World War II.””

The “deficits would rise by another $100 billion annually?”

How about not the $100 Billion Dollar annual increase in deficits that Pompous Arrogant Ass Larry Summers was talking about but….

$1 Trillion Dollar Deficits for as far as the Congressional Budget Office can see!

As much as the Democrats would like to blame the “Bush tax cuts” for these Massive $1 TRILLION DOLLARS Annual Deficits, after the W. Bush Administration pushed through those “Bush” tax cuts in 2001 the US Government over the next 7 years ran what we here at Mad As Hell And… thought were Completely Unacceptable Annual Deficits of around…

$200 Billion Dollars a year!

…which are detailed in the below chart from the great website usgovernmentspending.com which shows the TRUTH about what we considered the Out-of-Control spending and deficits of the George W. Bush Presidency and compare those $200 Billion Dollar Annual Deficits of the W. Bush years to what is nothing less than the Completely Irresponsible years of the Obama Presidency which has seen $1 TRILLION DOLLAR Annual Deficits become commonplace and almost part of American life:

Sorry, $1 Trillion Dollar Annual Deficits are not Acceptable and that the Obama Presidency will in only 4 years add almost…

$5 Trillion Dollars in DEBT to the National Debt

…and onto the backs of our children and grandchildren should embarrass President Obama if he really gives a Damn about the children of America and his own children for that matter.

These $1 TRILLION DOLLAR Annual Deficits are Outrageous and show a complete disregard for America and the American People and no matter how bad the US Economy has been this dramatic increase in $1 TRILLION DOLLARS Annual Deficits and $5 Trillion Dollars in Debt added to the National Debt in only FOUR years will turn out to be Barack Obama’s legacy because that $5 TRILLION DOLLARS in debt will be on the books of the American Republic and on the backs of our children and grandchildren for decades to come.

Please, don’t tell us that these $1 TRILLION DOLLARS Annual Deficits are all because of the bad economy because as you can see from the below chart (also from usgovernmentspending.com) it was only five years ago in 2007 that the US Government was spending…

$2.75 Trillion Dollars Annually

…and in the current fiscal year the US Government will spend….

$3.75 Trillion Dollars

…which is a $200 Billion Dollar INCREASE in US Government Spending for EACH of the last 5 years!

That is over a 7 percent ANNUAL increase in US Government Spending with little regard by OUR Sorry Ass “Elected Leaders” in Washington DC for what the US Government was actually receiving in tax revenues and no doubt some Idiot Economist from the Federal Reserve or the news media will claim that we HAD TO HAVE all that extra US Government spending or the world would have ended which is like saying a person addicted to drugs needs more and more drugs all the time so that his high never comes down which is the exact kind of Bullshit that is setting the American Republic up for a disaster down the road when people that are stupid enough to be holding US Treasury bonds and notes realize that American People aren’t responsible for what these Sorry Ass “Elected Leaders” in Washington DC have been up to because we never gave them the authority to spend our children and grandchildren into Trillions of Dollars of debt.

Now assume for a moment that the US Government was actually run by responsible adults that gave a Damn about our children and grandchildren and future generations of Americans and the growth of the US Government had been on the same level with inflation of about 3 percent per year that…

$5 Trillion Dollars in NEW Debt

…that the Obama Administration and the US Congress have piled up over the past four years would only be about…

$1 Trillion Dollars in NEW Debt

…and the current fiscal year deficit would still be high at around $300 Billion Dollars but $800 Billion Dollars less than the $1.1 TRILLION DOLLARS Deficit that the Congressional Budget Office is projecting for this year.

That’s right if the US Government had been run by responsible adults over the past four years there would be..

$4 Trillion Dollars LESS National Debt right now!

Of course, there is nothing to stop these Sorry Ass “Elected Leaders” from starting to act like responsible adults right now and actually giving a Damn about the future of OUR children and grandchildren and untold Millions of yet unborn Americans because they could very easily bring the Budget for the US Government back into balance as proven by Daniel J. Mitchell at Cato@Liberty, but as Mitchell points out these Sorry Ass “Elected Leaders” would first have to quit LYING to the American People and we rather doubt that is going to happen because if OUR “Elected Leaders” in both political parties in Washington DC quit LYING they would have nothing to say!

New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink, Daniel J. Mitchell, Cato@Liberty

“Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about two percent yearly.

When CBO issued new numbers early last year, I repeated the exercise and again found that the same modest level of budgetary restraint would eliminate red ink in about 10 years.

And when CBO issued their update last summer, I did the same thing and once again confirmed that deficits would disappear in a decade if politicians didn’t let the overall budget rise by faster than two percent each year.

Well, the new CBO 10-year forecast was released this morning. I’m going to give you three guesses about what I discovered when I looked at the numbers, and the first two don’t count.

Yes, you guessed it. As the chart illustrates (click to enlarge), balancing the budget doesn’t require any tax increases. Nor does it require big spending cuts (though that would be a very good idea).

Even if we assume that the 2001 and 2003 tax cuts are made permanent, all that is needed is for politicians to put government on a modest diet so that overall spending grows by about two percent each year. In other words, make sure the budget doesn’t grow faster than inflation.

Tens of millions of households and businesses manage to meet this simple test every year. Surely it’s not asking too much to get the same minimum level of fiscal restraint from the crowd in Washington, right?

At this point, you may be asking yourself whether it’s really this simple. After all, you’ve probably heard politicians and journalists say that deficits are so big that we have no choice but to accept big tax increases and “draconian” spending cuts.

But that’s because politicians use dishonest Washington budget math. They begin each fiscal year by assuming that spending automatically will increase based on factors such as inflation, demographics, and previously legislated program changes.

This creates a “baseline,” and if they enact a budget that increases spending by less than the baseline, that increase magically becomes a cut. This is what allowed some politicians to say that last year’s Ryan budget cut spending by trillions of dollars even though spending actually would have increased by an average of 2.8 percent each year.”

Thanks to Daniel J. Mitchell for Telling the TRUTH about these Sorry Excuses for American Citizens known as OUR “Elected Leaders” who do nothing but…

LIE

….all day long to the American People about US Government spending and no doubt history will have a harsh judgment of these Bastards who will be rightly seen as Very Sorry People that didn’t give a Damn about anything but getting their precious asses re-elected and the American Republic and American People be Damned!
Thanks again to Daniel J. Mitchell for spending the TRUTH to the American People and now listen and watch Daniel take apart the Idiocy of these Morons in Washington DC:

Double Amen to that Daniel!

One thing that the folks over at ZeroHedge.com noted from the Congressional Budget Office’s latest projections for US Government Spending….

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%, ZeroHedge.com

….was that REAL Unemployment in America is around…

10 Percent

…instead of the reported 8.5 Percent which corresponds what we are seeing with our own companies and in the US economy because although we see the US Economy picking up a bit we don’t see much hiring going on and that makes in OUR opinion the reported Unemployment Rate by the Labor Department nothing less than an agency of the US Government dramatically and intentionally underestimating REAL Unemployment in America which is just YOUR Government lying to YOU and the American People again.

Mad As Hell And… Quotes of the Day – Tuesday, January 31, 2012 – Don Shula

Mad As Hell And… Quotes of the Day – Tuesday, January 31, 2012 – Don Shula


“The superior man blames himself.  The inferior man blames others.”

And

“One thing I never want to be accused of is not working.”

And

“I don’t know any other way to lead but by example.”

And

“Sure, luck means a lot in football.  Not having a good quarterback is bad luck.”

And

“I think what coaching is all about, is taking players and analyzing there ability, put them in a position where they can excel within the framework of the team winning.  And I hope that I’ve done that in my 33 years as a head coach.”

And

“The ultimate goal is victory.  And if you refuse to work as hard as you possibly can toward that aim, or if you do anything that keeps you from achieving that goal, then you are just cheating yourself.”

Wikipedia Page:  Don Shula


Freddie Mac Traders Were Making Best Against American Homeowners? – Yes, That Makes Perfect Damn Sense In A World Where Increasingly There Are Lots of Governments and Companies That Do A Lot Better When the American People LOSE! – If the Federal Reserve Was Wondering Why Housing Has Been Such A Drag on the US Economy They Might Send Some of Their Overpaid Flunkies Over To Freddie Mac (and To Wall Street) To Find Out Why They Were Betting Against American Homeowners While at the Same Time Not Allowing American Homeowners To Refinance Into Cheaper Mortgages – Oh, But That Would Take Common Sense and Since 99 Percent of the People Working at the Federal Reserve Haven’t Worked A Day of Their Lives in the REAL World Don’t Count On the Overpaid Flunkies To Do Anything But Buy Lots of Green Ink and Print Lots of Money….Because That Is the ONLY Thing They Know How To Do!

You say that the taxpayer-owned mortgage giant Freddie Mac has traders that are betting against American homeowners while at the same time Freddie Mac had policies in place that prevents Americans with high-interest mortgages owned by Freddie Mac to refinance into mortgages that with have lower interest rates and thus lower payments for the AMERICAN homeowners?

Yes, that makes PERFECT sense since it has become very clear in recent years that the US Government is now actively working against the American People at every turn….mainly because a few very rich and powerful groups (think Wall Street, Unions, Corporate America, Trial Lawyers, Drug Companies) have purchased OUR US Government wholesale and lead OUR “Elected Leaders” around by the noses.

ProPublica and NRP have this outrageous story about the war that OUR Government is waging on the People that actually own the Government…remember us the American People?

Freddie Mac Bets Against American Homeowners, Jesse Eisinger and Chris Arnold, ProPublica and NPR

“Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates.

Freddie began increasing these bets dramatically in late 2010, the same time that the company was making it harder for homeowners to get out of such high-interest mortgages.

Freddie’s charter calls for the company to make home loans more accessible. Its chief executive, Charles Haldeman Jr., recently told Congress that his company is “helping financially strapped families reduce their mortgage costs through refinancing their mortgages.”

But the trades, uncovered for the first time in an investigation by ProPublica and NPR, give Freddie a powerful incentive to do the opposite, highlighting a conflict of interest at the heart of the company. In addition to being an instrument of government policy dedicated to making home loans more accessible, Freddie also has giant investment portfolios and could lose substantial amounts of money if too many borrowers refinance.”

Yes, the above makes PERFECT Damn sense because it would actually be shocking if Freddie Mac was actually working in the best interests of the American People because if that was the case then it would acting the opposite of EVERY other US Government agency which is becoming like the Government of the Broken State of California which is now filled with bureaucrats that wake-up every working day of their lives and try to figure out ways to make the lives of the People and Businesses of California as miserable as possible!

No doubt, some hack Freddie Mac and Government official will step before the microphones and cameras soon and claim that he or she is…

“Shocked, just shocked that Freddie Mac was betting against American homeowners!”

Please, We the American People understand what is now going on with OUR Government and maybe if the Overpaid Flunkies at the Federal Reserve wanted to find out why housing is such a drag on the US Economy they could send a few dozen of their Overpaid Flunkies over to Freddie Mac and find out why Freddie Mac traders are betting against American homeowners and keeping those same Americans in high-interest mortgages….and no doubt the same Damn trades are being made by traders at ALL of the banks that are holding high-interest mortgages that American homeowners are now paying on which means there are lots People that are making a lot of money in NOT refinancing and keeping Americans in high-interest rate mortgages…and of course the regulators of these large financial institutions and Federal agencies like Freddie Mac are asleep as the switch and unbelievably if you ever check-out the lunch scene in Washington DC the regulators are having their lunch bought by these Bastards (and their hack lobbyists) and they are all laughing together while the American People are punished and the American Republic burns.

Now the Real Men and Women of Genius in the US Government That Are Supposed to Be Actually Regulating and Watching US Financial Firms Say That the Missing $1.2 BILLION DOLLARS From MF Global Really Just….. ….“Vaporized!” – Oh, That’s It! – If $1 Million Dollars Went Missing At Any Company In America But Wall Street the FBI and Justice Department Would Be Swarming With 100s of Agents and Lawyers But $1 BILLION PLUS DOLLARS Goes Missing on Wall Street of Other People’s $$$$$$$$$ and The Money Just “Vaporized!” – Yes, the American People KNOW Why NO ONE From Wall Street Has Been Prosecuted For the 2008 Financial Crisis….Yes, Just Like It Would Have Been Hard For Slaves to Prosecute Plantation Owners It Is Damn Impossible For Anyone In OUR Government To Prosecute People On Wall Street Because Wall Street OWNS the US Government Lock, Stock and Barrel!

Imagine for a moment that you were running a company in America that suddenly out of nowhere reported that your company had lost $1 Million Dollars of your company’s clients’ money and that $1 Million Dollars of “lost” clients’ money was reported across the news media and with all of that in mind what do you believe would have happened to you?

Yes, you are right!

Federal and state governments would have long ago hauled you away to jail and your attorney would have hopefully gotten you bailed out but no doubt if $1 Million Dollars of your clients’ money disappeared out of nowhere you would have been put under arrest by the authorities….

Unless of course you were a very powerful and well connected person because it seems that very powerful and well connected people can have over…

$1 Billion Dollars

…of other people’s money disappear and not be arrested of hardly even be questioned by the authorities and if that sounds like just another day of the normal course of business in the unholy criminal enterprise that has developed over the past 30 years between OUR government and Wall Street you…

WOULD BE RIGHT!

Case in Point as reported by the Wall Street Journal and nicely summarized at ZeroHedge.com:

3 Months After The MF Global Bankruptcy, We Find That $1.2 Billion (Or More) In Client Money Has “Vaporized”

“On the three month bankruptcy anniversary of the company whose rehypothecation gimmicks will one day be seen as a harbinger of everything that is broken with the multi-trillion ponzi system, but not just yet despite loud warnings otherwise, we are getting close to a final verdict of where the $1.2 billion (and possibly more as originally predicted by Zero Hedge – see below) in commingled client money may have gone. Note the use of the passive voice because using the active, as in money that MF Global executives stole from clients, is prohibited in a legal system in which nobody goes to jail for something as modest as $1.2 billion in theft. That verdict? “Vaporized.” No really (and yes, in the passive voice of course). From the WSJ: “As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a “significant amount” of the money could have “vaporized” as a result of chaotic trading at MF Global during the week before the company’s Oct. 31 bankruptcy filing, said a person close to the investigation.” Uh huh… Because money simply vaporizes. Which means one of two things: i) the “vaporization” is merely the phrase that so called investigators use to avoid the far more troubling sounding “stolen” as it would imply guilt, something which the former NJ governor and Goldman CEO (and not to mention JP Morgan which most likely was on the receiving end of the $1.2 billion + transaction) will, under guidance from counsel, sternly disagree with, or ii) the capital markets are such an unprecedented and manipulated fraud, that nobody has any clue at any moment, where any client money is, and that any residual capital still “invested” in mythical representations of “assets”, which are likely rehypothecated so many times, that not even Bank of America’s robosigning division would have a clue where to start unraveling, will promptly be converted into tangible manifestations of capital. So when someone asks what happened to stock market volume, and to investor confidence in the “stock market” feel free to use just that phrase: “it vaporized.””

Hey, maybe this new defense of “I have no idea where $1.2 Billion Dollars of our clients’ money went” and “it vaporized” is a new line of defense for people running companies that have OTHER PEOPLE’S $$$$$$$$$$$$ disappear because it sure the Hell looks like it is working in the case of Jon Corzine and the $1.2 Billion Dollars that has “vaporized” from MF Global!

Oh, but before you try the “I have no idea where $1.2 Billion Dollars of our clients’ money went” and “it vaporized” defense make sure you are “in on the game” and have either served in elective office (Governor and Senator) or have run a powerful firm on Wall Street that couldn’t get prosecuted if they emptied out all of the gold of Fort Knox this afternoon because prosecuting a large Wall Street firm would be like the US Government prosecuting itself since Wall Street owns the US Government Lock, Stock and Barrel and no doubt most Americans understand that if the Wall Street Bastards called down to Washington and told all of the people they own (like those plantation owners owned slaves before the Civil War) to strip down and run naked through the streets of DC there would tens of thousands of people both in OUR Government and lobbyists running naked through the streets of OUR Capitol because there are tens of thousands of people in Washington DC that are little more than slaves on the plantation and just like the Wall Street Bastards would sell out the future of EVERY child in America to put a few more bucks in their pocket or win the next election.

What makes ALL of the above so laughable especially the $1.2 Billion Dollars that “vaporized” from MF Global and former MF Global CEO Jon Corzine’s Sergeant Shultz defense…

“I know nothing. I know nothing!”

….is that most Americans knew long ago that the Wall Street Bastards weren’t going to be prosecuted for anything that went on both before and during the Financial Meltdown in 2008 that almost brought down the American Republic because it is Very Damn Hard to prosecute people that have purchased the entire US Government!

If you want a good laugh watch CBS News 60 Minutes report from this past December when Steve Kroft of 60 Minutes asked the question of why NO ONE from Wall Street has been prosecuted:

Prosecuting Wall Street, CBS News 60 Minutes

“It’s been three years since the financial crisis crippled the American economy, and much to the consternation of the general public and the demonstrators on Wall Street, there has not been a single prosecution of a high-ranking Wall Street executive or major financial firm even though fraud and financial misrepresentations played a significant role in the meltdown. We wanted to know why, so nine months ago we began looking for cases that might have prosecutorial merit. Tonight you’ll hear about two of them. We begin with a woman named Eileen Foster, a senior executive at Countrywide Financial, one of the epicenters of the crisis.”

Oh, Steve Kroft of 60 Minutes must have not gotten the memo….

Uhhhh, Steve, Wall Street long ago purchased the US Government and the majority of OUR “Elected Leaders” and they OWN the Federal Government Lock, Stock and Barrel and that is course why NO ONE from Wall Street has been prosecuted because again….
It is very Damn hard for people that have been purchased wholesale to prosecute people that own them or rather it will be very hard for….

Slaves to Prosecute the Plantation Owners!

Remember American People: The US Government no longer works for or represents the American People because of course 99 percent of the American People do not spend their hard-earned money BUYING off OUR “Elected Leaders” and since OUR “Elected Leaders” are willing to sell their votes, themselves, their souls, their own families and children and anything else they can think of to win the next election it makes perfect Damn sense that the US Government no longer works for or represents the American People.

Now back to your regularly scheduled programming which is the American People getting up this morning and going to work, sending the kids to school and in Washington DC our “Elected and Appointed” Leaders will of course call their masters on Wall Street and elsewhere to figure out what they are supposed to do and say today.

Here Come the Wacko Environmental Nuts in California Again To FORCE Their Residents To Buy Electric Cars Whether They Want Them Or Not! – The REAL Kicker: The So-Called Science That These Wacko Environmental Nuts Are Basing ALL Of Their Decisions On Is A FRAUD and Has Not Been Proved By What Is Actually Happening in the REAL World! – No Damn Wonder Why the Unemployment Rate Is Three Points Higher in the Broken State of California Than the Rest of America! – Yes, These Are Very Stupid People! – The REAL Worry…..A Looming Ice Age Is the REAL Threat To Humans On Earth Not Temperatures Going Up A Degree Or Two Which Is Not Happening Anyway!

We are being very Damn serious when we say it would be impossible to overestimate the Complete Stupidity of the current leaders of the Broken State of California because it is our opinion here at Mad As Hell And… that the Idiots that are destroying California are even Stupider than Members of the US Congress and as EVERY American understands that is REALLY saying something!

The latest Idiocy comes out of the law AB 32 which was passed in 2006 by the California legislature and signed into law by perhaps the Dumbest man that has EVER held off in the history of the American Republic, then Governor Arnold Schwarzenegger, which had as its aim to reduce “greenhouse gas emissions” which translates into tasking the Biggest Job Killing government bureaucracy in the history of Man and Woman on Earth, the California Air Resources Board, to reduce California’s greenhouse gases to 1990 levels by 2020 which if you are thinking is like the opposite of Human Beings moving forward on this Earth to doing ever more greater things or rather like someone in days after Henry Ford inventing the car and then some Wacko Liberal Nut saying that going back to the days of the horse and buggy is a good idea (which the Wacko Environmental Nuts in California would probably love to see happen that is if you can get them down out of their jets that they are constantly flying on all over the state, country and world!) then you would be RIGHT!

The only problem with AB 32 is that the idea that the world is coming to an end or the environment is being dramatically altered in a negative way because of increasing levels of CO2 in the atmosphere is in our opinion the….

Biggest Fraud in the History of the World

Last week in the Wall Street Journal 16 scientists put their name to an op-ed that should be a wake-up call to the American People about the Complete Idiocy and downright Clear and Present Danger that the Wacko Environmental Nuts pose to the future of the American Republic.

As Joe Friday used to say on Dragnet, “Just the facts ma’am, just the facts.”

No Need to Panic About Global Warming, Wall Street Journal

“In spite of a multidecade international campaign to enforce the message that increasing amounts of the “pollutant” carbon dioxide will destroy civilization, large numbers of scientists, many very prominent, share the opinions of Dr. Giaever. And the number of scientific “heretics” is growing with each passing year. The reason is a collection of stubborn scientific facts.

Perhaps the most inconvenient fact is the lack of global warming for well over 10 years now. This is known to the warming establishment, as one can see from the 2009 “Climategate” email of climate scientist Kevin Trenberth: “The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.” But the warming is only missing if one believes computer models where so-called feedbacks involving water vapor and clouds greatly amplify the small effect of CO2.

The lack of warming for more than a decade—indeed, the smaller-than-predicted warming over the 22 years since the U.N.’s Intergovernmental Panel on Climate Change (IPCC) began issuing projections—suggests that computer models have greatly exaggerated how much warming additional CO2 can cause. Faced with this embarrassment, those promoting alarm have shifted their drumbeat from warming to weather extremes, to enable anything unusual that happens in our chaotic climate to be ascribed to CO2.

The fact is that CO2 is not a pollutant. CO2 is a colorless and odorless gas, exhaled at high concentrations by each of us, and a key component of the biosphere’s life cycle. Plants do so much better with more CO2 that greenhouse operators often increase the CO2 concentrations by factors of three or four to get better growth. This is no surprise since plants and animals evolved when CO2 concentrations were about 10 times larger than they are today. Better plant varieties, chemical fertilizers and agricultural management contributed to the great increase in agricultural yields of the past century, but part of the increase almost certainly came from additional CO2 in the atmosphere.”’

The above is the TRUTH and the Absolute Nonsense you have been told by Al Gore and the Climate Change Gang are in our opinion….

LIES.

Here is the TRUTH:

CO2 levels in the Earth’s atmosphere are going up as would be expected with Human Beings operating pre-industrial, industrial and post-industrial economies around the world, but as you look at the below chart that shows increasing CO2 levels as measured at the Mauna Loa Observatory in Hawaii keep in mind that CO2 levels on Earth have been much higher during our planet’s history and life on Earth thrived during those periods just as life will continue to thrive and in our opinion get better for Human Beings as CO2 increases because as the above op-ed points out…

“CO2 is a colorless and odorless gas, exhaled at high concentrations by each of us, and a key component of the biosphere’s life cycle. Plants do so much better with more CO2 that greenhouse operators often increase the CO2 concentrations by factors of three or four to get better growth. This is no surprise since plants and animals evolved when CO2 concentrations were about 10 times larger than they are today.”

The above is the TRUTH. Now here is the current measurement of CO2 in the atmosphere:

Now, here is something else you need to understand about CO2 before we go to the recent temperature data on Planet Earth which proves that Global Warming and Climate Change as promoted by Al Gore and the Climate Change Gang is a FRAUD in our opinion.

CO2 is a greenhouse gas, but greenhouse gases only make up TWO percent of the Earth’s atmosphere and CO2 only makes up 3.62 percent of greenhouse gases and only 3.4 percent of CO2 is caused by human activity which the following chart from The Heritage Foundation shows very well.

Yes, you read the above right and comprehended the above chart correctly.

Greenhouse gases are a very small part of the Earth atmosphere and CO2 is a very tiny part of greenhouse gases and human activity is a very small part of the CO2 that is being created on Earth today.

In other words, only Complete Idiots would say or believe that increases in CO2 at anywhere near current levels pose a threat to the world, our country, your family or anyone else because the entire Global Warming and Climate Change Nonsense is just that….Complete Nonsense.

Of course, if increasing CO2 levels was a cause of increasing temperatures on Planet Earth it would be very easy to see that set of FACTS because we can easily measure the increasing levels of CO2 from this facility in Hawaii….

…but as was pointed out by the 16 scientists in the Wall Street Journal op-ed….

“Perhaps the most inconvenient fact is the lack of global warming for well over 10 years now. This is known to the warming establishment, as one can see from the 2009 “Climategate” email of climate scientist Kevin Trenberth: “The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.” But the warming is only missing if one believes computer models where so-called feedbacks involving water vapor and clouds greatly amplify the small effect of CO2.

The lack of warming for more than a decade—indeed, the smaller-than-predicted warming over the 22 years since the U.N.’s Intergovernmental Panel on Climate Change (IPCC) began issuing projections—suggests that computer models have greatly exaggerated how much warming additional CO2 can cause. Faced with this embarrassment, those promoting alarm have shifted their drumbeat from warming to weather extremes, to enable anything unusual that happens in our chaotic climate to be ascribed to CO2.”

Let’s again go Joe Friday and go to the FACTS:

Below is a chart that shows the latest Satellite-Based Temperature of Planet Earth which goes back to when the United States first put satellites in orbit in 1979 to measure temperatures which is compiled by Roy W. Spencer from University of Alabama, Huntsville data. Note in the below chart the variability of temperature on Earth since 1979 with natural weather events like El Nina in the mid-1990s having a slight warming effect on temperature for ONE year which also corresponded with all manner of Wacko Environmental Nuts claiming the world was coming to an end in the mid-to-late 1990s and because of what exactly?…increasing levels of CO2 which you now know is not any kind of threat to the world:

The above is the TRUTH so let’s summarize for the slow ones reading this Blog that are now passing all kinds of Stupid Laws that is artificially driving up the cost of energy on Americans :

CO2 levels on Planet Earth are going up to where they are now around 400 parts per million which is shown in this chart from an observatory in Hawaii….

CO2 is only a tiny part of the greenhouse gases in the Earth’s atmosphere and human activity is only cause a tiny fraction of increased CO2 as shown in this chart….

As CO2 levels have been increasing the Wacko Environmental Nuts wanted everyone to believe that the world was coming to an end because as CO2 levels went up they claimed and the their Completely Bogus computer models showed that the temperatures on Planet Earth would go up as well in a corresponding fashion and thus with increasing CO2 we should see increasing temperatures on Earth but that is just flat-out not happening as proven by satellite data which cannot be manipulated by humans that are angling for more of the American taxpayer’s hard-earned money so they can do more research into Global Warming and Climate Change which in our opinion is what is really driving the Absolute Nonsense of Global Warming and Climate Change. Here is the satellite temperature chart that proves that as CO2 goes up….temperatures on Earth do not got up….

All of the above FACTS brings us back to the Stupidest People on Planet Earth the Wacko Liberal Nuts and Wacko Environmental Nuts that are dismantling the former Golden State of California on nothing but the Complete Fraud that increasing CO2 will warm the Earth which we have just show is a FRAUD which makes the California law AB 32 which is now costing the People of California and families in California Billions of Dollars in higher energy prices every year the Biggest Job Killing Machine in the history of the world which brings us to even more Idiocy this week out of the Broken State and this is REAL Idiocy:

California Attorney General Sues San Diego’s Transportation Future, Voice of San Diego

Yes, you read that right. The Attorney General of California is suing the San Diego Association of Governments over their future transportation plan because…GASP….the governments in and around San Diego want to improve the roads for the People of the San Diego to drive their cars on….BUT…that is not good enough for the Wacko Environmental Nuts in California State government who are working off of a law, AB 32, that is based upon the Complete Fraud that reducing CO2 levels will actually make any difference in the Bogus Global Warming and Climate Change and now you know why the Unemployment Rate in the Broken State of California is 3 points higher than the national average:

Here is some more Global Warming – Climate Change Idiocy from the Broken State this time from the California Air Resources Board….

California passes landmark rules to curb auto emissions, San Jose Mercury News

…..which will according to the above story:

“Despite the dramatic changes for gasoline and diesel vehicles, the provisions that gained the most widespread attention will force every major automaker, starting in 2018, to increase in showrooms the number of electric vehicles, like the Nissan Leaf, and plug-in hybrid vehicles, like the Chevrolet Volt, along with some hydrogen-fuel-cell vehicles. The effect would be that 1.4 million such vehicles would be sold by 2025 if the rules are successful. Today there are only about 10,000 in the state.”

The Broken State of California is going to REQUIRE automakers to “increase in showrooms the number of electric vehicles, like the Nissan Leaf, and plug-in hybrid vehicles, like the Chevrolet Volt, along with some hydrogen-fuel-cell vehicles?”

Oh, that’s great, especially when one considers that it was the state law AB 32 and the California Air Resources Board that has put in new draconian laws in cooperation with the biggest utilities in the state that have tripled the cost of electricity on the People of California where the average Californian (think poor and hard working Californians) are now paying THREE times more per Kwh of electricity than 97 percent of Americans in other states across the country of which you can read a nice little summary about that we here at Mad As Hell And….wrote about in January 2011:

“You Say That the Cost of Charging Electric Cars Is Higher in California? – DUH! – The Cost of Electricity in California Is WAY Higher In the Broken State Than the Rest of the United States and That Is Because of the Bogus Global Warming Solutions Act of 2006 That Was Signed By Dumbbell Arnold Schwarzenegger – Unemployment in California Has Gone From 4.7 % to 12.4 % Since The Wacko Environmental Nuts Passed AB 32 and When It Tripled the Cost of Energy in the State – Yes, These Are Very Stupid People in California and the Real Kicker Is That the Wacko Liberals Could Really Care Less About Harding Working and Poor Families Because They Seem To Rather Enjoy Sticking It To Hard Working Californians and Americans!”

Yes, we are fine with an American choosing to purchase and drive an electric car, but if you are an American living in the Broken State of California then get prepared for some sticker shock after you have charged that car in your home for a month because that electricity bill is going to be…

HUGE!

Yes, if you are thinking these are some Very Stupid People running the Broken State of California….

You Would Be RIGHT!

Oh, here’s the REAL kicker for all of the Global Warming – Climate Change Wacko Environmental Nuts which includes Al Gore and the Climate Change Gang….

Not only may have the Wacko Environmental Nuts massively overreacted to a very small increase in temperatures on Planet Earth in the last 30 years what the Nuts may have been most concerned about….

A Warming Earth

….may fittingly be the Damn Direct Opposite of what is the REAL fear of us here at Mad As Hell And…. and that is Planet Earth moving back into one of its periodic mini or large ice ages which is a REAL Damn threat to the human race and just like the temperatures warming by a degree or two has Absolutely Damn Nothing to do with anything with what humans are doing or not doing as they run around the planet the humans will be able to do NOTHING to stop the next ice age. Check out this story from The Mail….

Forget global warming – it’s Cycle 25 we need to worry about (and if NASA scientists are right the Thames will be freezing over again), The Mail

“The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.

The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.

Based on readings from more than 30,000 measuring stations, the data was issued last week without fanfare by the Met Office and the University of East Anglia Climatic Research Unit. It confirms that the rising trend in world temperatures ended in 1997.

Meanwhile, leading climate scientists yesterday told The Mail on Sunday that, after emitting unusually high levels of energy throughout the 20th Century, the sun is now heading towards a ‘grand minimum’ in its output, threatening cold summers, bitter winters and a shortening of the season available for growing food.

Solar output goes through 11-year cycles, with high numbers of sunspots seen at their peak.

We are now at what should be the peak of what scientists call ‘Cycle 24’ – which is why last week’s solar storm resulted in sightings of the aurora borealis further south than usual. But sunspot numbers are running at less than half those seen during cycle peaks in the 20th Century.

Analysis by experts at NASA and the University of Arizona – derived from magnetic-field measurements 120,000 miles beneath the sun’s surface – suggest that Cycle 25, whose peak is due in 2022, will be a great deal weaker still.”

(A great website to learn about the Sun’s activity, or lack of activity, is at Watts Up With That, Solar Reference Page)

Oh, Geez, now the Sun going quiet is a REAL threat to human beings survival on Planet Earth and if head into even another mini-ice age the last things these Wacko Environmental Nuts in California will be worried about is a few more Californians buying electric cars which will only TRIPLE their home utility bills and will actually INCREASE what the Wacko Environmental Nuts say they are worried about most, Greenhouse Gas Emissions, because when one learns the TRUTH about where the Broken State of California gets its utility from they will see that the so-called “Green” state of California has dirty coal all over their faces although the Wacko Environmental Nuts do make sure the coal plants they get energy from are located “outside” the state!

California gets about 20 percent of its energy from out-of-state coal plants in the American Southwest while only about 1.5 percent of coal plants create energy IN California. That is one of the BIG lies about California moving to more renewables which only drives up the price of electricity even more on poor and hard working people in California which are paying 20 plus cents per KWh with the tiered rate structure in the state.

Here is where California gets its energy:

Natural Gas – 40%
Coal – 20%
Nuclear – 18%
Large Hydro – 10%
Renewables – 12%

Guess what the above energy sources cost per KWh?

Natural Gas – .10 cents per KWh
Coal – .05 cents per KWh
Nuclear – .12 cents per KWh
Large Hydro – .07 cents per KWh
Renewables – .40 cents per KWh Plus!

If you are thinking these are some Very Stupid People in the Broken State of California you would be RIGHT!